Overview of Certified Anti-Money Laundering Specialist Training in Saudi Arabia and India
Anti-Money Laundering (AML) is a set of policies, procedures, and technologies established to prevent money laundering. Anti-Money Laundering systems are implemented within government systems and large financial institutions to monitor potentially fraudulent activity. Some of these anti-money laundering controls practised within Banks and other financial institutions are Knowing Your Customers (KYC), Software Filtering, and Implementing Holding Periods (A designated number of days usually around five that many banks require deposits to remain in an account for managing risk associated with money being moved through banks to launder money).
To address this serious issue of Money Laundering and Financing Terrorism, Visible Stars Training Institute is offering a 40 hours Anti-Money Laundering Certification Course in Saudi Arabia and India which will help the intermediaries and professionals working in the financial industry to be fully aware of the concepts, regulatory framework, money laundering vulnerabilities, risk & governance, etc. CAMS certification is one of the in-demand courses among our professional courses offered in Saudi Arabia and India.
Visible Stars is a Professional Training Institute in Saudi Arabia and India to offer AML training that equips your employees with the knowledge they need to identify red flags and suspicious activities. Our AML Courses will help your employees to become Certified Anti-Money Laundering Specialists (CAMLS) and be aware of their legal obligations and recognise and report any suspicious money laundering activity. The candidates who take our Anti Money Laundering Classes and complete the AML Training will be issued a certificate in AML by Visible Stars, approved by KHDA once they clear a proctored test.
AML Course Highlights
- You will undergo 40 hours of formal training before taking up the AML Proctored test.
- In our AML Course, you will learn from foundation to advanced level anti-money laundering for financial crime prevention.
- A pre and post-course assessment (e.g. a test) will be conducted to measure the participant's level of knowledge and to ensure they have understood the course objectives and met the required standard of comprehension.
- We offer classroom and online Anti-Money Laundering (AML) classes which cover concepts and strategies for detecting and preventing money-laundering activity.
- You have the option to choose between weekend or weekday classes, which is more convenient for you.
- By the end of the AML Course, you will be fully prepared for the online proctored test.
AML Course Features
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40 Hours of Online/Offline Training:
We will help you get fully prepared for the AML Proctored test through our 40 hours of classes conducted online or in the classroom.
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Hands-On Project-Based Learning:
We will get the learners involved in industry-relevant projects so that they are better taught and learned through an experiential approach.
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Post Assessments:
We conduct post-assessment tests to assess your knowledge after studying the training materials and help you improve areas which need more attention.
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Curriculum Designed by Experts:
Our AML Certification Training Curriculum is prepared and designed by our certified trainers, aligned with the latest AML course modules and CAMS exam pattern.
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Advanced Training in AML/KYC:
Our AML Training provides advanced knowledge and understanding of AML/ KYC standards to develop professional competence in your area of work.
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Free Practice Exams :
We conduct practice exams which enable you to practice real-type exam questions, in order to prepare for your certification examination.
Industries Looking for Certified Anti-Money Laundering Specialists
- Logistics & Supply Chain Management.
- Retail
- Accounting, Banking & Finance.
CAMS Certification Course Prerequisites
- This course is for anyone who is working & aspiring for a career in Financial Industry including Banking, Payments, Transaction Banking, FI's, MSB's, MTO's, Foreign Exchange, the Wealth Management industry, etc.
- CAMS Training is ideal for beginners and also for mid & senior-level professionals working in the above-mentioned areas.
- The applicants for Anti Money Laundering certification should have a minimum of a Bachelor's degree (or equivalent) from an institution of higher learning. No specific field of study is required.
CAMS Course Modules
- Module 1: Introduction to AML/ CFT
- Module 2: Legal & Regulatory Framework
- Module 3: Core Concepts
- Module 4: Money Laundering Vulnerabilities
- Module 5: Transaction Monitoring & Reporting
- Module 6: Other International Agencies
- Module 7: Risk & Governance
How to Get AML Certified?
Review & Ratings
FAQs
The CAMS exam is administered by the Association of Certified Anti-Money Laundering Specialists (ACAMS). The Certified Anti-Money Laundering Specialist (CAMS) credential is the gold model in Anti Money Laundering (AML) certifications and is acknowledged internationally by financial institutions, governments and regulators as a solemn commitment to protecting the financial system against money laundering.
An Anti-money Laundering Specialist, also known as a certified anti-money laundering specialist (CAMS) is a person responsible for the prevention, identification, and investigation of money laundering activity.
Banks and other financial institutions are the most prominent users of AML legislation, as they are compelled to report any suspicious behaviour to authorities.
With the advent of new, diverse technologies and digitization, criminals are now looking for creative new ways to commit crimes. Due to the rise in financial crimes, institutions now have an even greater need to invest in appropriate technology and adhere to regulations.
Money laundering is a growing menace and is the biggest concern for governments around the world. Criminals use money-laundering schemes to hide the origin of funds acquired through unlawful means. Therefore, to help detect and report any such suspicious activity, staff training and awareness-raising on Anti Money Laundering are needed. The reason is simple. Employees are a firm’s best defence against money launderers and terrorist financiers who may try to abuse the services it offers for their own illegal purposes.
The money laundering legislation calls for all relevant employees to receive AML training, stating that employees should be provided with ongoing training on identifying a transaction or other activity that may be related to money laundering or terrorist financing, and on how to proceed once such a transaction or activity is identified.
Anybody who aspires to work in the core compliance field (Banking, Money Exchange houses, etc.) can prepare for CAMS certification. This certification is also for those who wish to shift their career into compliance.
The Certified Anti-Money Laundering Specialist (CAMS) exam has 120 questions.
The (CAMS) is an online examination available in the form of multiple-choice and multiple-select questions.
The candidate will be given three and a half hours to complete the (CAMS) exam.
The candidate has to obtain 75% or above in order to pass the CAMS exam.
The candidate who wants to take the (CAMS) examination must have:
- An active ACAMS membership
- They must have 40 credits in education (10 for Associates, 20 for Bachelors, 30 for Masters, 40 for JD or PhD),
- Work experience (10 credits for each year of experience) and training (1 credit for each hour of financial-crime-related training).
The candidate has to follow some preparatory steps which are provided by our CAMS Trainers and try your hands-on practice test, etc.
- Arabic
- Bahasa Indonesia
- Chinese–simplified
- Chinese–Traditional
- English
- French
- German
- Japanese
- Portuguese
- Russian
- Spanish
Visible Stars’s trainers will guide you and help you with the Anti Money Laundering Certification Exam.
If you have passed the AML Certification exam and received the CAMS certification, it is valid for 3 years. However, certified members will be required to further their knowledge through continuing education. Members will need to recertify upon the conclusion of this 3-year cycle.
Your score is displayed upon submission of your examination. You will also receive a printed score report at the test centre, and it will be emailed to you shortly after your examination. This email will state your exam results and how to maintain the certification up to date.
Candidates who fail are able to retake the examination 30 days after the first attempt, 60 days after the second attempt, and 90 days after the 3rd and each following attempt. The cost to retake the exam is $299 for private-sector members and $199 for public-sector members.
There is a rising demand for Anti-money Laundering Specialists and therefore the career options after you become a Certified Anti Money Laundering Specialist are plenty. Popular career options include AML Specialist/Associate, Financial Crime Operations Delivery Lead, AML Compliance Analyst, KYC Analyst, Money laundering reporting officer, Client Intelligence Unit (CIU) Director, Correspondent Banking (Compliance/ Anti-Financial Crime), Compliance Officer, etc. Most of them are employed with private money lending organisations or with nationalised banks.
Anti-Money Laundering Certification or becoming a Certified Anti Money Laundering Specialist is always beneficial and is crucial for those trying to enter the field to educate themselves in forensic accounting, statistical data mining, and risk management. Contact Visible Stars now to get your Certified Anti Money Laundering Specialist Training.